US renters rise as kids finally leave the nest

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Published Sun, Feb 1, 2015 · 09:50 PM

Los Angeles

PARENTS who've been waiting for their grown children to move out may finally be in luck.

The number of renter-occupied residences grew by 2 million last year, according to a report last Thursday from the US Census Bureau in Washington. Vacancy rates for rentals fell to 7 per cent in the fourth quarter, the lowest since 1993, the data shows.

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